Opinion – Thursday 28 August 2014

Yesterday was a very light trading session as far as economic data went with some reports on the state of the Euro-Zone economies mostly soft. The French INSEE Business Survey showed own-company production taking a hit in August, dropping to -7 from 0, coming also...

Opinion – Wednesday 27 August 2014

The S&P500 closed above 2000 for the first time aided by a generally better than expected set of US economic releases and more M&A news. The latest is Switzerland’s Roche is slated to acquire San Francisco based biotech company InterMune for $8.3...

Opinion – Tuesday 26 August 2014

Yesterday’s Bank Holiday in the UK was a factor in constraining market liquidity but did not stop the S&P making yet another new high however for the fourth time this month the Dow failed to make it past its July high of 17150. The German IFO Survey for...

Opinion – Monday 25 August 2014

News on Friday that the Russian aid convoy had entered Ukraine without permission and reports of 18,000 Russian troops amassing on Ukraine’s borders provoked quite a strong bout of ‘safe’-haven’ buying at the longer end of the US Treasury curve, in particular. This...

Opinion – Friday 22 August 2014

We have seen some profit taking and position unwinding ahead of today’s Jackson Hole Fed Symposium which has left Bond Yields a little lower and the US Dollar lower. Equities continued their cautious upswing with the S&P closing up 0.3% to post yet another...

Opinion – Thursday 21 August 2014

After making consistent gains over the past two days the US Dollar was given another modest leg up yesterday with the Dollar Index rising another 0.2% after some snippets from the July 29/30 FOMC Meeting pointed to a more lively debate over US Labour market...